11
Jun
01:00
Fitch cuts outlooks on BHP Billiton, Rio Tinto on high leverage
Fitch expects the leverage of iron ore miners BHP Billiton (BHPB) and Rio Tinto (RT) to remain above certain levels in 2015 and 2016, when iron ore prices will remain weak. The credit rating agency has therefore revised down the outlooks on the ratings of the two companies to Negative from Stable.
Fitch projects RT’s leverage to remain above 2.5x in 2015-2016. BHPB’s funds from operations adjusted gross leverage is seen remaining above the agency…
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Anonymous
Very good overview of the weekly steel market.
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